J. J. NIVEN MOVE

Press, Volume CIV, Issue 30681, 22 February 1965, Page 16

J. J. NIVEN MOVE

One-For-Five Bonus Issue (N.Z. Press Association) WELLINGTON, Feb. 21. J. J. Niven and Co., Ltd., Wellington engineer and merchant, is to capitalise £130,000 from pre-1957 profits in a bonus issue of one-for-five. The issue will raise paid capital to £780,000, and will be based on holdings as on March 30. The directors say that they' do not intend to increase the amount paid out in dividends in the meantime. The company has maintained a 10 per cent dividend since 1961. The last bonus issue by the company was a three-for-10.

Indices Latest share price Indices are; London.— Financial Times (industiral ordinary 1935, equals 100; Government. 1926. equals 100; gold, 1955, equals 100):

1964 Ord. Govt. Gold Oct. 1 .. 377.8" Dec. 31 .. 355.0 79 07 68.8 1965 Feb. 17 .. 352.4 78.80 69.2 Feb. is .. 353.1 78.94 69.6 Feb. 19 .. 352.5 78.96 69.8 New York.— Dow Jones: Ralls. Indust. Sold 1964 Dec. 31 205.34 874.13 6,470.000 1965 Feb. 17 207.60 882.93 5.510,000 Feb. 18 208.84 883.69 6,060,060 Feb. 19 210.42 885.61 5,560,000 Sydney —Sydney Stock Exchange July. 1931 June, 1939, equals 100): Retail Ord. Indust. 1964 Feb. 5 .. 409.51 355 28 384.53 Feb. 27 — 379.21* — Dec. 31 .. 424.76 367.03 398.11 1965 Feb: 17 . 399.01 345.02 373.61 Feb. 18 . 403.56 345.09 372.88 Feb. 19 .. 403.24 344.77 372.26 •Peak